December 2018

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The present Bangladesh caretaker Government closed four out of 22 state-owned jute mills and 84 jute-procurement centers out of 142 leaving some 14,000 workers jobless.

The Center for Policy Dialogue (CPD), stated on December 10 that the Government's decision to close four of the state run jute mills was one of the biggest blunder especially since, the value of jute and jute products was increasing in the international market.

At press meeting on 'State of Bangladesh Economy in FY 2008', Dr Mustafizur Rahman, CPD Executive Director said that the decision was a mistake because closure of these mills was done even without surveying the market demands. Besides, the management did not even clear off the dues of the workers.

In recent days, the apparel sector of Bangladesh is getting accustomed to stagnant figures. However, this trend can be reversed if the Government reconsiders its decision and plans to reopen the jute manufacturing units.

According to the CPD, the care taker Government will have to take up the challenge of achieving anticipated growth, ensuring food security and adequate social safety net, curbing inflation, raising efficiency in the fertilizer-distribution system, enhancing power- generation capacity and ensuring energy security.